This title studies the challenges posed by commodity price volatility and discusses policies to promote growth that is inclusive of all the citizens in low-income countries (LICs). It builds on a diagnosis of the short- and long-run challenges encountered by LICs in the face of commodity price volatility and pervasive inequalities, and then proposes context-specific solutions, drawing both from top notch academic work and from cross-regional experiences.
More specifically, the book explores macroeconomic policy options such as monetary policy responses to rising fuel and food prices in LICs and the building of fiscal institutions to prevent boom and bust cycles in commodity exporters. The book also explores how the international community could help, through initiatives on transparency and accountability, and by donor support to modernise agriculture and support food security.
